Market Overview:
In-mold labels refer to plastic labels that are molded into the injected plastic product during the manufacturing process. These labels become an integral part of the bottle or container and cannot be removed easily. These labels offer advantages such as durability, resistance to abrasion, and weather resistance. They are increasingly being used in food and beverage packaging, consumer durables, automobile, and healthcare industries.
Market Dynamics:
The growth of the in-mold label market is attributed to rising demand from the food and beverage industry. According to the World Food Travel Association, the global food and beverage industry was valued at US$ 7.51 trillion in 2019 and is expected to grow annually by 5% until 2025. Growing demand for packaged food and beverages is expected to drive the demand for in-mold labels owing to their moisture resistance and durability properties. Secondly, superior protection from abrasion and weather offered by in-mold labels compared to pressure sensitive labels is also fueling their adoption across various end-use industries. This is expected to contribute to the growth of the in-mold label market over the forecast period.
SWOT Analysis
Strength: The In-Mold Label Market Demand provides durable and weather-resistant labels for various end-use industries. These labels offer excellent printability and have high-quality graphic features. Moreover, in-mold labels are easy and inexpensive to produce.
Weakness: The usage of expensive raw materials increases the production cost of in-mold labels. Additionally, issues related to shrinkage during the production process can reduce yields.
Opportunity: Rising demand from the food and beverage industry for packaging products is fueling market growth. Growing e-commerce sector needs effective product labeling solutions.
Threats: Increased environmental regulations around plastic usage pose challenges. Also, evolving consumer preference for sustainable packaging threatens marketdemand.
Key Takeaways:
The global in-mold label market is expected to witness high growth, exhibiting CAGR of 22% over the forecast period, due to increasing demand from the food and beverage industry. Rapid urbanization and changing lifestyle are fueling the consumption of packaged food and beverages globally. In-mold labels provide durability and aesthetic appeal to packaged food and drinks.
Regional analysis: North America dominates the in-mold label market, owing to stringent government regulations regarding product information and labeling. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to rising disposable incomes, growing middle-class population, and increasing consumption of packaged goods in China, India, and other developing Asian countries.
Key players operating in the in-mold label market are Avery Dennison, CCL Industries, Constantia Flexibles, Jindal Films Americas LLC, Coveris, and EVCO Plastics. These companies are focused on new product launches, mergers, and acquisitions to strengthen their market position. For instance, in 2021, Constantia Flexibles acquired the in-mold labels business of Multicolor to expand its product portfolio and customer base in North America.
Read More:
https://www.marketwebjournal.com/the-growth-of-in-mold-label-market-growth/
Urolithiasis is referred to as kidney stone and is a condition that is characterized by presence of a calculi or a solid piece material in the urinary tract of an individual.
These solid mass commonly known as kidney stone is typically formed in the renal area that is eliminated from the body through the urine stream.The stones that are smaller in size may pass off the body without any symptoms, however, lumps larger than 5 millimeters in size can lead to blockage of the ureter that may cause severe pain in the abdominal area and lower back.
This may result in symptoms that includes pain during urination, vomiting or blood in the urine.
Urolithiasis is caused due to combination of environmental and genetic factors.
It can also be caused due various factors such as obesity, hyperparathyroidism, and high urine calcium levels.Get Exclusive Sample Report @ https://dataintelo.com/request-sample/?reportId=506Rising incidence of chronic kidney diseases is one of the major factors responsible for growth of global urolithiasis management devices market.
Moreover, growth of the urolithiasis management devices market can also be attributed to rising adoption of percutaneous nephrolithotomy (PCNL).Read More @ https://www.marketwatch.com/press-release/urolithiasis-management-devices-market-swot-analysis-cagr-future-insights-growth-by-2026-2019-12-20
Smart packaging is increasingly evolving in the packaged food industry.
Increased demand for packaging that shows and maintains product quality across the supply chain is a significant factor driving the smart packaging industry's growth.
In existing packaging formats, radio-frequency identification (RFID) and smart labels are simple to incorporate.
Not only can these labels help deter fraud, they also help locate items as they travel across the supply chain.
The Food Safety Modernization Act (FSMA) mandates CPGs to provide details of the manufacturer and distributor of a product, giving businesses the responsibility to monitor the journey of their goods.Read Report Overview: https://bisresearch.com/industry-report/smart-food-beverage-label-market.htmlSmart labels are used to track the temperature and consistency of the products, and when a product has been compromised.
Increasing consumer dependence on packaged goods and parallelly growing demand for transparency in the food and beverage products drives the industry and leads to improved adoption rates.
